General Mills predicts lower profits as demand slumps, costs rise

The food giant is lowering its earnings expectations. An analyst with Bloomberg says food companies are seeing year-over-year cost increases at the same time that shoppers continue to be frugal.
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The food giant is lowering its earnings expectations. An analyst with Bloomberg says food companies are seeing year-over-year cost increases at the same time that shoppers continue to be frugal.

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General Mills profit rises on Yoplait, snack food acquisitions

Golden Valley-based General Mills Inc. says that its fiscal first-quarter profit went up 35 percent, with acquisitions lifting sales, the Associated Press reports. The results in the latest quarter were aided by the food maker's purchase of a controlling stake in Yoplait International and Food Should Taste Good, a natural snack foods company.

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